PMC-Sierra (PMCS) Message Board

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Technology Stocks : PMC-Sierra (PMCS)

PMCS 11.65

0.0%

Jan 25 4:00 PM EST

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To: WOODY who wrote (2067)	8/28/1998 12:06:00 PM
From: Billy Joe	Read Replies (1) of 3818

Just call me the market "Gene" Dixon. If I make enough predictions, something is bound to come true! Didn't benefit me at all because I didn't act on it. Another item I held off on was the end of summer return to business. Brokers returning in earnest from the Hamptons for the fall "season" adjust the market to position their funds/accts to look good yr-yr. It happened last August-Sept (they were locking in profits). This yr, I think they locked in alot of early yr gains in the spring and are looking to burn off alot of the price moves from the summer junk rallies (really crap this yr). If the market does a slow slide through Dec and the economic conditions are flat to improving, January should be another big month (the fund cash positions have to go somewhere, it's just what and when). That's my 250Kft view. PMCS is very attractive in the low 30 range and a screaming buy if the bottom falls out to 25 in the next month. (however, I have no more cash and don't wanna go margin.)

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